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GBP/USD Trades In Murky Waters

Discussion in 'Technical Analysis' started by Kaitlin, Aug 22, 2016.

  1. Kaitlin

    Kaitlin Forum Member

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    The British currency experienced a rather sharp decline on Friday, slumping back under the 1.31 major level, thus, failing to settle at a two-week high. The bearish momentum appears to have returned, so the Cable is likely to follow this path today. The weekly pivot point is the nearest support,[​IMG]

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